Import prices drop in April
May 15, 2003
The U.S. Import Price Index decreased 2.7 percent in April. The decline, the first since last November, was driven by a substantial drop in prices for imported fuels.
The 2.7-percent decline is the largest one-month drop for the index since monthly publication began in 1989. The decrease was led by a 16.2-percent decline in import petroleum prices, the largest monthly decrease since February 1991. Despite the decline, petroleum prices still were up 15.9 percent over the 12 months ending in April.
Also contributing to the April drop in import prices, the price index for nonpetroleum imports decreased 0.9 percent, the largest one-month decline for nonpetroleum import prices since July 2001. During the past year, however, import prices overall rose 2.3 percent.
Export prices edged down 0.1 percent in April, after having risen in each of the previous three months.
These data are from the BLS International Price program. Import and export price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes - April 2003" (PDF) (TXT), news release USDL 03-240.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices drop in April on the Internet at http://www.bls.gov/opub/ted/2003/may/wk2/art04.htm (visited September 28, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.